This is an update to my previous article on why I bought 26% of the alpha gold foil lightning supply. Read that here:
@goldmatters/why-i-bought-26-of-the-alpha-gold-foil-lightning-dragon-supply
Purchasing another GF LD from @steemmonsters allows me another opportunity to include a few more reasons as to my SPECULATIVE investment thesis I missed in part one.
So far in the first article I detailed the following points behind my thesis:
ASSET CLASSIFICATION
SCARCITY
INSIDER OWNERSHIP
MANAGMENT
SUPPLY\CORNERNING THE MARKET
ROADMAP
So why did I increase my stake from a couple weeks ago?
I am adding:
COST BASIS:
My cost basis for the dragons is relatively low due to the fact that I caught one of them in the wild (with the help of my Lucky Mene Box)
@goldmatters/goldmatters-strikes-gold-steemmonster-adventure-mene-part-iii
As an aside, my overall costs from my Gold Foil Legendary collection is reduced because I also found 2 Selenia Skies in the wild, and I did this epic trade with @reseller earlier this year:
I used 24 karat gold charms that I got from referral credit I earned right here on Steemit to trade him for a GF Frost Giant. This was a ton of fun and i would consider future trades like this !
I earned the credit I used to buy the charms to trade @reseller using an invite link from Mene with the following sentence on every blog, which I am showing you in case you want to use my link to get YOUR own link:
Earn $5 in Mene credit for signing up for Mene with this invite link:
The next reason is the:
DRAGON BUY BACK PROGRAM:
This isn’t actually a real program but there is a potential for people to combine their dragons to use for gold tournaments which would work kind of like a stock buy back program.
In a stock buy back, a company purchases it’s own shares (hopefully with free cash flow and not debt) and then cancels them. This reduces the float (or tradable shares) and make your piece of the pie larger.
If @steemmonsters players begin to combine their gold foil lightning dragons it would reduce the number of existing ones from the current 19 number (the rarest card in the game).
While this is absolutely no kind of guarentee its a nice potential kicker and tertiary reason to add to my thesis.
CORNERING THE MARKET PART II
Lets take a look at how this has worked out so far from 2 weeks ago:
Notice that there is only 1 Lightning Dragon available at $5000 and that it is the only Alpha Gold Foil Legendary that has 1 card for sale.
This could certainly change at any moment if someone decides to sell one of the 13 dragons I have not bought yet. But for the moment, it would be nearly impossible for someone to get ahold of this card. They would have to buy this one for $5000 or come to me with some sort of offer.
This is why cornering the market is so powerful.
OPPORTUNITY:
This might be the only chance I get to corner a market in this fashion. As I’ve already detailed in part one, I am prepared for this speculative investment to go to zero, though I don’t think it will.
How often is there a chance to corner ANY market for an individual, especially one with signficant potential in an early growth stage.
GOLD TOURNAMENTS:
While we don’t know many details of what these might look like, we can assume there will be some of these as mentioned by @aggroed just today. Even if I don’t enter these myself, there might be an opportunity to rent out some of my dragons to players and recoup some of my cost basis while I wait for the game to grow.
For the right situation I would even consider sponsoring a tournament with a prize from MENE. (Right situation = right person hosting , right promotion, little to zero work from me)
Mene sells 24 karat gold and platinum investment jewelry and gifts by gram weight x current metals price with a transparent design fee....
Like these 24 karat gold and platinum buttons!
If someone can make it super easy for me to sponsor a tournament, I will consider doing this!
CONCLUSION:
The gold foils have taken a beating with respect to price recently, and much of this is directly related to the sentiment in crypto.
This is great for buyers!
I have no idea what the future holds with regards to these cards and in the Wild West of crypto anything can happen which is why I have already accepted a worse case scenario potential catastrophic loss if the cards go to zero.
How can I take such an insane risk?
Am I a reckless gambler, swashbuckling my way through the internet wildly throwing money at everything I see?
Quite the opposite. I’m pretty quiet and mostly stay home and order door dash.
BUT
I do one thing that most people don’t.
I anchor my entire investment portfolio with the most stable and proven form of money in recorded history. By owning real physical gold and having the security of the only real form of money, I can comfortable take fliers on virtual cards built on the blockchain.
So owning this:
Lets me speculate with this:
So while nothing in this article should be constituted as investment advice... now you know
Why I Bought 31.5% of the Alpha Gold Foil Lightning Dragon Supply!
Investor Presentation:https://mene.com/investors/docs/Investor_Presentation.pdf
Earn $5 in Mene credit for signing up for Mene with this invite link:
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
Sign up for steemmonsters: https://steemmonsters.com/?ref=goldmatters
Jewelry Worth It’s Weight in Gold:
Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.
I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney\Mene allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
See Steemians unbox Mene:
